Engaging Stakeholders and Benefitting Communities
Royalties Governance at Ambatovy
At Ambatovy, we established the Tsaratanana (Good Governance) Project to develop a credible mechanism for royalty distribution at the community level, as required by the Malagasy law for large mining investments.
Effective stakeholder engagement enables us to build and strengthen social license. It is crucial for building mutual understanding, support and benefits with host communities, governments, workers and business partners. For mining and energy companies like ours to be truly sustainable, we must establish and maintain productive relationships with our stakeholders and maximize the shared benefits of our activities. That is what contributes to long-term prosperity and positions those that do it well to be the partner of choice.
We take a thoughtful, sincere and ethical approach to engaging stakeholders and catalyzing the development of sustainable communities. We recognize that a significant part of our role is to help build human and institutional capacity wherever we operate so that local communities can achieve their development goals.
In 2015, we:
- Participated in over 400 community meetings across all operations
- Recorded a more than 60% drop in the number of community grievances filed compared to last year, due in large part to successfully addressing the longer-term impacts of Ambatovy’s construction activities
- Published new enterprise-wide standards for stakeholder engagement and community investment
- Contributed over C$1 billion in economic benefits to host communities and countries